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Morrisons' sales continue to decline, despite the grocer improving its stores and focusing more on fresh produce. Shoppers are missing the retailer's messages highlighting its "different and better than ever" credentials, and its impressive offer revamps are not being reflected in sales figures. While costs remain tightly controlled, the retailer is facing a fight in the run-up to Christmas 2012.
Published By Datamonitor
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09 Nov 2012 |
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Expert View
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Homebase aims to close around 40 stores as leases expire by February 2017, in yet another example of big box DIY specialists actively reducing their store portfolios. Reducing total sales space is a sensible strategy with multi-channel becoming more important, but retailers must ensure that they balance reductions without losing sales.
Published By Datamonitor
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07 Nov 2012 |
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Expert View
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As the British Retail Consortium reports the worst retail sales in 11 months bar April, with like-for-like sales in October falling 0.1% on the previous year, Verdict is approaching its five-year forecasts cautiously, as the economic outlook is set to prolong the recovery of retail expenditure even further.
Published By Datamonitor
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06 Nov 2012 |
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Expert View
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With two of the UK's largest clothing retailers announcing trading results, Verdict looks at their expansion plans for the German retail market. M&S is increasing its commitment to Germany by launching a local language site with prices in euros, while Primark continues to roll out stores in the country, with as many as 150 planned, up from just eight at present.
Published By Datamonitor
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06 Nov 2012 |
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Expert View
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Comet is on the verge of falling into administration just nine months after Kesa paid OpCapita GBP50m to take it off its hands. Its slide from prominence is the culmination of a series of bad choices that have left it lagging behind the competition. A lack of liquidity due to suppliers demanding upfront payments now puts up to 7,000 jobs at risk, with little expectation of a rescue deal.
Published By Datamonitor
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01 Nov 2012 |
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Expert View
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JD Sports will widen its customer base with its new sports performance store format. JJB's market share is up for grabs, but the move may step on the toes of Sports Direct, meaning pricing, location, and a standout offering are major considerations.
Published By Datamonitor
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19 Oct 2012 |
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Expert View
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The second phase of Europe's largest leisure and retail development Puerto Venecia was set upon by 100,000 shoppers when it opened on October 3, 2012, anchored by El Cortes Ingles and Primark. Continuing with the development is a brave move given the very bleak outlook for Spain's clothing sector, with consumers simply unable to support spending on discretionary items.
Published By Datamonitor
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12 Oct 2012 |
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Expert View
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WH Smith CEO Kate Swann is to step down in June 2013. The internal promotion of current high street operations managing director Steve Clarke to fill her position signals a continuation of the retailer's strategy. However, it will be a difficult role to take over, with no easy wins ahead for the retailer.
Published By Datamonitor
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12 Oct 2012 |
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Expert View
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Pre-pack administrations have come under scrutiny for siphoning away selected assets and dumping debt in secretive deals. The process is open to abuse, but the unpalatable truth is that in a stuttering economy no other option protects jobs and keeps businesses open to the same extent.
Published By Datamonitor
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12 Oct 2012 |
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Expert View
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Facebook has started trialing "Collections," its latest attempt at tapping into the e-commerce market. The service directs users to retailers' websites instead of acting as a sales channel, making this a more viable option than previous f-commerce attempts. However, such is the fickle world of Facebook that retailers should approach this new channel with a degree of skepticism.
Published By Datamonitor
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11 Oct 2012 |
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